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- Listing prices dipped slightly in response to an intensifying buyers' market, but sellers remained mostly firm on their prices, with the average selling price in Q2 2024 down to $729,005 — only a 1.2% decrease from $737,925 in Q2 2023. In Toronto, average selling price dropped 0.5% down to $765,963.
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Jul 26, 2024 · Condo apartment sales amounted to 5,474 in Q2 2024 – down 19.8 per cent compared to 6,824 sales in Q2 2023. Conversely, new listings were up by 36.5 per cent year-over-year to 16,917.
Aug 6, 2024 · The average condo apartment selling price in the second quarter of 2024 was $729,005 which is down by 1.2 per cent in comparison to $737,925 in the second quarter of last year. In the City of Toronto, the average selling price was $765,963 – down by 0.5 per cent compared to Q2 2023.
The average condo apartment selling price was down slightly year-over-year. Condo apartment sales amounted to 5,474 in Q2 2024 – down 19.8 per cent compared to 6,824 sales in Q2 2023. Conversely, new listings were up by 36.5 per cent year-over-year to 16,917.
Aug 8, 2024 · The Toronto condo market is experiencing a decline in sales, with a reported 19.8% drop in condo sales for Q2 2024. This trend reflects broader housing market dynamics that are crucial for both buyers and investors to understand.
Jul 25, 2024 · While sales boomed in 2021 and for the first half of 2022, it’s worth noting that 2024 sales in the Q1 & Q2 lagged even 2018, and 2019. There were 6,703 sales in the first six months of 2024, compared to 8,523 in 2018 and 8,097 in 2019.
Jul 18, 2024 · New condo sales in the first half of 2024 totaled just 3,159 units, a 57% decline from a year ago and 72% below the 10-year average. It was the slowest first half for new condo sales since 1997. Of the 3,625 units that launched for presale in Q2-2024, only 17% were sold — an opening quarter absorption rate not seen in over 25 years and less ...
As 2024 unfolds, Toronto’s condo market continues to evolve, presenting its unique blend of challenges and opportunities. Condo buyers and investors must navigate mortgage policies, affordability issues, and the overall state of the Greater Toronto Area real estate market.
